Antam Ready to Engage in Nickel Downstreaming and Electric Vehicle Projects

PT Aneka Tambang Tbk (ANTM) is committed to accepting special assignments from the Government to accelerate the nickel downstream programme and the development of the national electric vehicle battery ecosystem.

In a statement following the Annual General Meeting of Shareholders (AGMS), Antam’s President Director, Untung Budiharto, stated that the company will continue to strengthen business development based on downstreaming and the integration of the mineral value chain, in line with the national development agenda.

“Through various integrated strategic projects, ANTAM will not only increase added value but also support the strengthening of national industrial independence and Indonesia’s position in the global industrial supply chain,” said Untung.

The assignment includes the development of an integrated nickel-based battery ecosystem from upstream to downstream. This encompasses mining activities, the construction of RKEF/RKSBF plants, HPAL facilities, refineries, precursors, cathodes, battery cells, and battery recycling facilities.

The development of this ecosystem is expected to increase the added value of national mineral resources, expand the Company’s revenue streams, strengthen long-term business resilience, and support sustainable growth for all stakeholders.

This assignment will be carried out through a collaboration between ANTAM and PT Industri Baterai Indonesia (IBI) alongside HYD Investment Limited, a consortium consisting of Zhejiang Huayou Cobalt Co., Ltd., EVE Energy Co., Ltd., and PT Daaz Bara Lestari Tbk., acting as strategic partners in the development of an integrated electric vehicle battery ecosystem in Indonesia.